Foreign Exchange Glossary

European Monetary System (EMS)

The EMS was established at the end of the 1970’s, an exchange rate regime which aimed to encourage closer fiscal policy cooperation between the central banks of the members of the European Economic Community. It was replaced by Exchange Rate Mechanism II in 1999.

Exchange Rate News

Exchange Rate News is the internet’s definitive destination to read the latest news about the foreign exchange market. We specialise in reporting on all of the world’s major currencies including the British Pound, the Euro and the US Dollar with the aim of helping you to decide when to trade and get the best deal on your monetary transfers.